DnB released this morning its numbers for Q1 21. Net profit was comfortably above expectations (+18%), driven by lower loan losses (expected) and higher fees/commissions and volatile trading income. Net interest income was indeed slightly disappointing (-1% below expectations).
The CET1 ratio was 50bp higher qoq and well above requirements (+210bp). Our expectations for 2021 will only marginally change.
29 Apr 2021
Same story as in Sweden or Denmark
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Same story as in Sweden or Denmark
DnB released this morning its numbers for Q1 21. Net profit was comfortably above expectations (+18%), driven by lower loan losses (expected) and higher fees/commissions and volatile trading income. Net interest income was indeed slightly disappointing (-1% below expectations).
The CET1 ratio was 50bp higher qoq and well above requirements (+210bp). Our expectations for 2021 will only marginally change.